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Sales Related Transactions, including the Use of Credit Cards Journalize the entries for the following transactions: (If an amount box does not require an entry,
Sales Related Transactions, including the Use of Credit Cards Journalize the entries for the following transactions: (If an amount box does not require an entry, leave it blank.) a. Sold merchandise for cash, $24,000. The cost of the goods sold was $14,400 (Record the sale first.) b. Sold merchandise on account, $13,020. The cost of the goods sold was $7,810. (Record the sale first.) c. Sold merchandise to customers who used MasterCard and VISA, $101,620. The cost of the goods sold was $60,970. (Record the sale first c. Sold merchandise to customers who used MasterCard and VISA, 5101,620. The cost of the goods sold was $60,970. (Record the sale fost d. Sold merchandise to customers who used American Express, 546,890. The cost of the goods sold was $26, 110. (Record the sale first) U! DI 100 00 00 00 c. Recurved and pardavice from National Clearing House Credit Co for 57,440, representing a service lee paid for processing MasterCard, VISA, and American Express Sales
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